Thursday, 30 October 2014
Last updated 2 hours ago
Apr 19 2010 | 12:45pm ET
British insurer Pension Corp. has quintupled its allocation to hedge funds and private equity as it seeks to diversify its £3.5 billion portfolio.
The firm, which insures pension liabilities, has boosted its alternative investments to £100 million, Reuters reports. Pension Corp. first invested in hedge funds and private equity funds two years ago, putting £20 million into the asset classes.
And the insurer isn’t stopping there, having set a 10% allocation to hedge funds and p.e., or £350 million.
Pension Corp. is also making a big move into property, allocating its first £100 million to the asset class.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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